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After today we are officially on borrowed time (though one could argue it is the end of borrowing times). The Debt ceiling will be reached today and the Treasury will only have enough wiggle room to prevent a default until August. This will be the beginning of an interesting time for the US and the world as a whole. As the deadline looms there will be pressure on the US treasuries, dollar, and markets; gold could see a rally (bull trap?) from this as well. Couple the US issues with those of the EU and you have good reasons for a general selloff. This could prove to bring opportunities and create buying opportunities or the remainder of the year.